Innovate Finance & BCG: Publish new report on open finance
- Innovate Finance, the industry body representing UK FinTech, in partnership with professional services firm BCG
- Released a new report with key recommendations for the UK to unlock the full potential of Open Finance
- The UK is considered one of the most advanced Open Banking markets in the world having sparked key innovations
- The UK’s leading role in Open Banking is however being challenged as other countries advance
- The report highlights key areas where the UK needs to act to continue leading on Open Banking
- The evolution of Open Finance in the UK requires the removal of hurdles on data retrieval from banks
